A Shareholders Agreement is a contract negotiated by the shareholders of a company outside the Corporations Act to govern their relationship and business arrangements, detail their rights, responsibilities, obligations and liabilities, and protect their interests, having regard to their particular circumstances. It regulates matters not covered by a company’s constitution and is therefore supplementary to a company’s constitution.
A Service Agreement is an agreement between a client (usually referred to as the “principal”) and a service entity (usually referred to as the “service provider”). The service provider agrees to provide a service to the principal for a fee. The service provider may agree to provide a one-off service for a set fee or continuing services to the principal for a pre-determined length of time for a fee.